Tag: tax evasion

Here you will find all the articles with the tag: tax evasion.

GSMA and Euro-telcos want exemption from crackdown on big tech

GSMA and Euro-telcos want exemption from crackdown on big tech

Telco lobby groups have argued for the exclusion of their members from the proposed global tax rules that aim to stop multinational corporations (big tech) from legally but cynically avoiding tax by conducting online activities in jurisdictions with lax tax laws. The G7 approved a method to root... Read more

date1 year ago
Amazon found not guilty of tax evasion via Luxembourg

Amazon found not guilty of tax evasion via Luxembourg

Amazon does not have to pay back 250 million euros in tax to the European Union. This was ruled by a judge after the company was accused of paying too little tax through a financial construction in Luxembourg. In 2017, the European Commission ruled that Luxembourg had given an unfair tax advanta... Read more

date2 years ago
Facebook closes Irish holding used to evade paying taxes

Facebook closes Irish holding used to evade paying taxes

Facebook is closing several Irish holding companies it uses to evade paying taxes in the United States, the UK, and hundreds of other countries where it has a profitable presence. The company has a main Irish subsidiary that paid only about $101 million in taxes while showing profits of more than $... Read more

date2 years ago
France sends out notices to big tech to start paying digital tax

France sends out notices to big tech to start paying digital tax

France is not backing down on implementing a new digital tax, which has stirred controversy. France sent out notices to big tech companies and others covered by the tax. The companies were informed that they would have to pay taxes if they want to continue doing business in France. The tax is st... Read more

date2 years ago
John McAfee arrested in Spain for tax evasion and other charges

John McAfee arrested in Spain for tax evasion and other charges

John McAfee, known for creating McAfee, the antivirus company, was arrested in Spain today and is facing extradition to the United States. He is going to be charged for fraud and tax evasion. The SEC says McAfee was paid more than $23.1 million in cryptocurrency assets to promote ICO token sales... Read more

date2 years ago
137 countries agree to new tax rules for tech giants

137 countries agree to new tax rules for tech giants

Large tech companies moving to countries from which it is possible to operate more cheaply, because of favourable tax rates; it happens often. In an attempt to prevent such practices in the future, 137 countries have joined forces to tighten up tax rules for large companies including Amazon and Goo... Read more

date3 years ago